Plain English Breakdown
The official status indicates the bill passed both chambers, but the effective date is missing from the provided metadata.
SB00205: Sending a Portion of Meal Tax Revenue to the State Tourism Fund
This bill requires that one percent of the revenue from an additional sales and use tax on meals sold by eating establishments, caterers, or grocery stores be deposited into the state's Tourism Fund.
What This Bill Does
- Amends Chapter 219 of the general statutes regarding sales taxes.
- Requires that one percent of the revenue generated from an additional one percent tax on meals be deposited in the Tourism Fund.
- Deposits this money into the existing Tourism Fund established under section 10-395b.
- Directs these funds to support hospitality, arts, culture, and tourism needs of the state.
Who It Names or Affects
- Eating establishments that sell meals
- Caterers who provide food services
- Grocery stores selling meals subject to the tax
- The state Tourism Fund
Terms To Know
- Sales and use taxes
- Taxes added to the price of goods or services, including an additional one percent on meals in this case.
- Tourism Fund
- A state account established under section 10-395b that receives funds for hospitality and tourism needs.
Limits and Unknowns
- The effective date is not listed in the provided metadata.
- The bill text does not specify how much total revenue will be collected or deposited.
- Specific details on which marketing endeavors are funded are not included in this excerpt.